Week beginning false move

EURO and GBP made the slide during Japanese session and early European session.They are likely to reach the net permisaable fall for the day so early.The market appear to consolidate near low and gain the levels from mid US session.Week beginning false move appears to be on the downside- instead of slow swing and slide ,they have made the quick drop.That indicates the traders are holding long positions and players are trying to trap them first .

We may see the volatile moves during last week of this month.Aim to do eitherway swing trades.trade with using initial stop,then move stop to entry and use trailing stop to protect minimal profit.maximize the profit during quick spikes.

some time they breach the daily limit but they may hold it with in weekly limit.Similarly they may breach the weekly limit rarely and try to hold within monthly limit.For want of liquidity they make such moves at times.